
Laguna Beach, California 92651
This property presents a High-Potential Investment Opportunity with a List Price of $3,495,000—positioned well below the $3,455,613 Fair Market Value by -1.14%. While the home carries a Condition Rating of 5, the unobstructed panoramic ocean and Catalina Island views provide a rare foundation for a luxury redevelopment. Located in the top-tier Laguna Beach Unified School District, this asset offers significant upside for Value-Add Investors or Owner-Occupants seeking to customize a premier coastal residence in a highly walkable, world-class location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 459 Hilledge Drive Subject | $3,495,000* List Price | 4 | 3 | 2,389 | $1,446 | - |
A 700 Temple Hills Drive Sold | $3,390,000 | 3 | 2 | 2,272 | $1,492 | 0.4 mi |
B 417 Poplar Street Sold | $3,185,000 | 3 | 3 | 2,066 | $1,542 | 0.5 mi |
C 790 Wendt Terrace Active Under Contract | $2,695,000 List Price | 4 | 4 | 2,371 | $1,137 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962, this property is in original or severely dated condition. The kitchen features 30+ year old cabinetry and tile, the bathrooms are outdated, and the bedrooms show significant wear with heavily stained carpeting. The listing explicitly markets the property as a rehab opportunity ('bones are all there'), indicating that all major systems and finishes require a full overhaul.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property boasts unobstructed, panoramic views of the Pacific Ocean, Catalina Island, and crashing waves from nearly every room, offering some of the most coveted vistas in Laguna Beach.
Located in lower Mystic Hills, this home provides rare walkability to downtown Laguna Beach, world-class dining, and beaches, and is exceptionally close to top-rated Laguna Beach High School.
The listing indicates the home needs significant 'love and creativity,' suggesting that the current condition is dated and requires a substantial capital injection to reach its full potential.
At a list price of nearly $3.5M, the high cost of acquisition combined with the necessary renovation budget may limit the pool of buyers to those with significant liquid reserves.
Among the finest unobstructed ocean views available in Laguna Beach, this rare Laguna Beach property presents a once-in-a-lifetime opportunity to create a dream coastal residence in one of Southern California's most coveted communities. Perfectly positioned to capture breathtaking Pacific Ocean views from the main living area and primary suite, this nearly 2,400 square foot home offers a front-row seat to the ever-changing beauty of the coastline. Watch waves break along the shore, enjoy spectacular sunsets, and experience the unmistakable serenity that comes with true oceanfront living—without sacrificing the privacy and charm of a hillside neighborhood. The existing residence is ready for transformation, offering a unique opportunity for those with vision to reimagine, renovate, or create a custom home perfectly suited to its exceptional setting. The foundation is already in place: an extraordinary location, an unobstructed coastal view, and the rare convenience of a detached two-car garage with driveway parking. Imagine opening the windows to welcome the ocean breeze, enjoying evenings beneath the glow of coastal sunsets, and unwinding on the bedroom balcony while city lights sparkle in the distance. The home's connection to the surrounding landscape, the sound of nearby waves, and the familiar charm of Laguna Beach create an atmosphere that is impossible to duplicate. Located in lower Mystic Hills, this property offers an ideal blend of tranquility and accessibility. Walk or bike to Laguna Village, Broadway Street, world-class dining, boutique shopping, art galleries, beaches, and the iconic coastal lifestyle that has made Laguna Beach one of California's most desirable destinations. Whether creating a private coastal retreat, a full-time residence, or a family getaway for generations to come, this is a rare opportunity to transform a remarkable piece of Laguna Beach into something truly extraordinary.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,389 | 2,351 |
| Lot Size | 5,510 | 6,231 |
| Price | $3.50M | $3.25M |
| Price per sq ft | $1.5K | $1.7K |
| Built year | 1962 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 26 | 71 |
Jun 26, 2026
$3,495,000
Initial Listing